Emerging Opportunities: The Growth of Industrial Waste Heat Recovery
- The use of existing technologies such as thermoelectric generators will also increase, according to Frost & Sullivan
LONDON, Dec. 11, 2014 /PRNewswire/ -- The three most common industrial waste heat management options are recycling within the same heating system, recovery of the waste heat to be used in other systems within the same plant, and converting the waste heat to power.
New analysis from Frost & Sullivan, Innovations in Industrial Waste Heat Management, finds that of the three processes, converting waste heat to power will be the most preferred option in the future. Further, innovations in waste heat recovery will emphasize on the recovery of low grade waste heat.
For complimentary access to more information on this research, please visit: http://corpcom.frost.com/forms/EU_PR_CCarella_D554-TI_28Nov14.
"Thermoelectric generators are expected to be the most sought after waste heat recovery technique, although much research is necessary before large-scale uptake is possible," said Technical Insights Research Analyst Lekshmy Ravi. "The high growth of thermoelectric generators will also boost the utilisation of low grade waste heat."
The scope for industrial waste heat recovery is immense across the globe and particularly promising in the Asia-Pacific, which is a major manufacturing hub. The cement and glass manufacturing industries are potential forerunners in adoption.
High capital investment, a long payback period, maintenance and safety requirements are some of the challenges limiting the implementation of industrial waste heat recovery technologies. From an operational perspective, temperature requirements, chemical composition, and fouling delay commercialisation.
Convincing industries on the benefits of waste heat management will be crucial. Supportive government policies and incentives too will go a long way in enabling the widespread use of waste heat recovery.
"Industries with high energy intensity, which have customised solutions readily available, are likely to deploy waste heat management to a greater extent," remarked Ravi. "Other sectors will initially incorporate technologies with a low capital and short payback period as the first step towards incorporation of waste heat recovery."
Innovations in Industrial Waste Heat Management, a part of the Technical Insights (http://www.technicalinsights.frost.com) subscription, analyses current industrial waste heat management practices, and factors acting as technology and business accelerators in the industry. The research service also provides region-wise adoption and trends on waste heat recovery. Further, this study includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Innovations in Industrial Waste Heat Management
D554
Contact:
Chiara Carella
Corporate Communications – Europe
P: +44-(0)-20-7343-8314
M: +44-(0)-753-3017689
E: chiara.carella@frost.com
Share this article